Taj Group of Hotels

Introduction-The Hotel Industry in India Highlights:-  The Indian hotel industry is metro dependent, as 75 to 80 per cent of the revenues of top hotel chains grow from the five metros. Mumbai and Delhi argon the most profitable hotel markets currently. The hotel industry is intempe ordainly valuateed. Expenditure tax, luxury tax and sales tax hit the ceiling the hotel bill by over 30 per cent. The effective tax in Southeast Asian countries works out to wholly 4 to 5 per cent. As these taxes are the domain of the defer government, the rates vary accordingly. Among the metro cities, the luxury tax rate in Chennai is the highest. The average room rate (ARR) and occupancy are the two most critical factors that determine the profitability. ARR, in turn, depends on location, brand image, star rating, quality of facilities and services offered and the seasonal factor. In the long term, the hotel industry in India has a latent electric potential for growth. This is because India is an ideal destination for tourists as it is the only country with the most diverse topography. India attracts approximately 2.5 million tourists every year that is good 0.4 per cent of the world tourist arrivals. Countries like Thailand and Malaysia attract thrice as many tourists.

Economic liberalization has given a new impetus to the hospitality industry. It costs an average of US$50-80 million to set up five-star hotels with 300 rentable cortege in India. The gestation period is usually between tripletsome and four years. Movements in real estate prices have to be watched, though they have stabilized in the past three years or so. Non-five-star hotels are obviously cheaper and have had smaller gestation periods, but international chains are anticipate to go into the five-star category. The Indian hospitality industry is growing at a rate of 15 percent annually. The current faulting between supply (61,000 rooms) and demand (90,000 rooms) is expected to widen advance as the... If you want to get a full essay, rule it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!